Crude oil prices retreated slightly as viral resurgence in Japan and India clouded Asia’s energy demand outlook. This week’s OPEC+ meeting will be closely eyed by oil traders.

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The latest German Ifo release missed market forecasts earlier and this is likely to temper any further EUR/USD gains in what is expected to be a very busy week.

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Bullish market conditions are still in play but recent gains look over-extended

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